About ASGHX
American Century Short-Term Government Fund I is an actively managed mutual fund focused on generating high current income while emphasizing preservation of principal. The portfolio invests primarily in U.S. government securities, including U.S. Treasury obligations and bonds issued or guaranteed by federal agencies and instrumentalities, concentrating in the short end of the curve to limit interest rate sensitivity. The fund’s mandate typically maintains at least 80% of assets in U.S. government securities with short maturities, providing liquidity and lower credit risk relative to broader fixed income categories. It distributes income monthly, reflecting its income-oriented design for investors seeking steadier cash flows from government-backed debt. The strategy’s short duration profile aims to reduce price volatility versus longer-maturity bond funds, though it remains exposed to interest rate movements and mortgage prepayment dynamics where applicable. As an institutional share class, it features professional management and a streamlined expense structure relative to retail classes, aligning with the needs of advisors and institutions allocating to high-quality, short-term government exposure. The fund’s role in portfolios commonly includes capital preservation, liquidity management, and a defensive fixed income anchor.
Fund Family American Century Investments
Category Short Government
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol ASGHX
Share Class I Class
Index Bloomberg 1-3 Y Government TR
ASGHX had a total return of 5.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.20%.
